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Unless otherwise indicated, all questions may be solved using either a formula or the TVM Solver. If the TVM Solver is used, please indicate

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Unless otherwise indicated, all questions may be solved using either a formula or the TVM Solver. If the TVM Solver is used, please indicate the that was entered for each variable. 1. a) Use the formula [2 marks] A= [2 marks] R[(1+1)*-1] 1 Calculate A for R = $1400, i = 0.06, and n = 8. b) Write an annuity question for which part a) would be the solution.

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